USDA MORTGAGE

The USDA Rural Development mortgage program offers zero down loan options to eligible borrowers. This is not a “farm” mortgage, but a mortgage that is designed to support the growth of housing in rural communities. Many areas in Minnesota qualify.

This program assists approved lenders in providing low- and moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas. Eligible applicants may build, rehabilitate, improve or relocate a dwelling in an eligible rural area. The program provides a 90% loan note guarantee to approved lenders in order to reduce the risk of extending 100% loans to eligible rural home buyers.

Providing affordable home ownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas.